I don't think they're saying anything we don't all know -- that double ETFs are filled with counterparty risk (i.e. manage how much you put in them), and they decay with time. But I don't know that there's any more counterparty risk here or more time decay here than in any other leveraged ETF, but yes those are real risks -- caveat emptor.

Volatility likely to increase

Posted by puma on 10th of Jul 2011 at 03:29 pm

With problems in Euroland continuing to grow (Italy, etc.), and with the debt ceiling talks moving towards a deadline over the coming weeks, I think there's a very good chance that we will move into heightened volatility -- The VIX has been remarkably well contained of late, but with the VIX near a strong support zone and the stochastics in oversold territory getting long volatility seems like a good trade right now.

VIX DAILY

GDX big weekly line in the sand, and SLV target

Posted by puma on 27th of Jun 2011 at 01:24 pm

GDX weekly

GLD:SLV ratio looks like bull flag breaking to upside

Posted by puma on 27th of Jun 2011 at 01:08 pm

MCP

Posted by puma on 26th of Jun 2011 at 07:47 pm

Matt, Steve -- does this look like a 4th wave, wedge up in the channel? The volume patterns are great, but maybe one more wave down to set up a base?

GDX may get hit because of new, serious problems for Peruvian miners

Posted by puma on 26th of Jun 2011 at 07:09 pm

Big trouble for Peruvian miners -- story here

Bear Creek mines, obviously someone knew before the story got to the wires

Watch BVN, SCCO, PAAS, NEM to see how much this news will effect miner

Hi Kobie -- yep, if

VIX 5 MIN may be inverse H&S setting up

Posted by puma on 24th of Jun 2011 at 02:28 pm

Hi Kobie -- yep, if the VIX breaks out I'd say that's likely :-)

VIX 5 MIN may be inverse H&S setting up

Posted by puma on 24th of Jun 2011 at 02:14 pm

Steve -- so far Comp has not tested S1 -- you think that is intermarket divergence of consequence?

Posted by puma on 24th of Jun 2011 at 01:21 pm

COMP 5

whoops, sorry for the screwed up Fibs, put the pivots and TLs are OK :-)

GLD trading under the 50

Posted by puma on 24th of Jun 2011 at 11:38 am

SPX 5 with Fibs

Posted by puma on 24th of Jun 2011 at 11:32 am

Sorry, meant to post this one

Big cap growth is not going down

Posted by puma on 23rd of Jun 2011 at 10:34 am

AAPL, BIDU, CMG, GMCR, NFLX, PCLN -- All are up fractionally -- That's huge relative strength in the big cap growth leaders.

Testing the website

Posted by puma on 23rd of Jun 2011 at 09:56 am

I just want to see if this posts -- I'm wondering if there's a website problem?

Why the Put/Call Ratio may not be signalling a market bottom

Posted by puma on 18th of Jun 2011 at 12:54 pm

Very interesting analysis

Whoops, must be Stockcharts screwing

GDX weekly, long term rumination now that i'm done for the day

Posted by puma on 16th of Jun 2011 at 04:03 pm

Whoops, must be Stockcharts screwing up again -- guess they disabled the "Chat" function!

GDX weekly, long term rumination now that i'm done for the day

Posted by puma on 16th of Jun 2011 at 03:56 pm

Maybe we're completing an ABC down, but with the MACD and 60 period Sto looking wide open to the downside, I'm thinking we might be headed for the 38 Fib and 200.

Chat link

Art Cashin says action reminds him of 1987 pre crash!

Posted by puma on 16th of Jun 2011 at 02:22 pm

Well that would be capitulation wouldn't it! Don't think that's a movie I want to see.

The community is delayed by three days for non registered users.

Posted by puma on 13th of Jul 2011 at 10:03 am

Posted by puma on 11th of Jul 2011 at 04:33 pm

Posted by puma on 11th of Jul 2011 at 01:16 pm

Posted by puma on 10th of Jul 2011 at 05:55 pm